Azure Tide Real Estate Exam 1 Correctly Answered 2024.

Azure Tide Real Estate Exam 1 Correctly Answered 2024. Which group is responsible for the preparation of the comprehensive plan or plan amendment? - CORRECT ANSWER The Planning Commission Advertising that discriminates against people based on ________ is prohibited by the Fair Housing Act and its amendments. - CORRECT ANSWER Religion Which of the following protects mortgage applicants from discrimination based on receiving public assistance? - CORRECT ANSWER Equal Credit Opportunity Act Fannie Mae purchases all of the following loans EXCEPT: - CORRECT ANSWER Freddie Mac * Hilda and Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments, $1,850 in property tax, $840 in mortgage insurance, $1,200 in property insurance, and $1,500 in maintenance. Which expenses are deductible from their federal taxes? - CORRECT ANSWER Mortgage interest of $7,875 and property taxes of $1,850 What instrument includes the specific terms of the loan such as rate, length of term, payment, etc.? - CORRECT ANSWER Promissory Note Practicing real estate without a license is a: - CORRECT ANSWER Third-degree felony A township contains: - CORRECT ANSWER 36 sections Heather has been using a roadway at the back of the 22 acres Pam owns in order to access a fishing pond. She has been driving down the roadway almost every day without permission for over 20 years. This is called an: - CORRECT ANSWER Easement by prescription.